Chevy Chase Trust Holdings Inc. Has $1,025,000 Position in Saul Centers, Inc. (NYSE:BFS)
Chevy Chase Trust Holdings Inc. continued to hold its stake in Saul Centers, Inc. (NYSE:BFS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,675 shares of the real estate investment trust’s stock at the end of the second quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Saul Centers worth $1,025,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in BFS. Russell Investments Group Ltd. bought a new stake in Saul Centers during the fourth quarter valued at about $669,000. Comerica Bank boosted its stake in Saul Centers by 5.1% in the fourth quarter. Comerica Bank now owns 12,414 shares of the real estate investment trust’s stock valued at $791,000 after buying an additional 605 shares during the last quarter. State Street Corp boosted its stake in Saul Centers by 4.8% in the fourth quarter. State Street Corp now owns 422,587 shares of the real estate investment trust’s stock valued at $28,145,000 after buying an additional 19,311 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Saul Centers by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 176,888 shares of the real estate investment trust’s stock valued at $11,782,000 after buying an additional 2,424 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Saul Centers by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 11,006 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.
Saul Centers, Inc. (BFS) traded down 1.42% on Friday, hitting $57.58. 51,213 shares of the company were exchanged. The stock has a market capitalization of $1.26 billion, a P/E ratio of 36.42 and a beta of 0.73. The stock’s 50-day moving average price is $59.55 and its 200-day moving average price is $60.84. Saul Centers, Inc. has a 52-week low of $55.86 and a 52-week high of $68.75.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, July 13th. Saul Centers’s dividend payout ratio is currently 129.11%.
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A number of research analysts recently weighed in on the stock. BMO Capital Markets raised shares of Saul Centers from a “market perform” rating to an “outperform” rating in a report on Monday, August 7th. BidaskClub lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Saul Centers from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Saul Centers presently has an average rating of “Hold” and a consensus target price of $72.00.
In related news, VP Steven N. Corey sold 5,000 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $59.04, for a total value of $295,200.00. Following the completion of the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $295,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 15,000 shares of company stock valued at $885,800. 48.80% of the stock is owned by corporate insiders.
About Saul Centers
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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